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JULY 2024 AUDIT: NIFTY UP 3.9%

Nifty +3.92% · best IT +12.98% · worst Metal -2.35%

Published by The Retail Trader · JUL 31, 2024 · Monthly Audit

The July 2024 audit — what every major index and every sector did across the month's 22 sessions, all measured from the 2024-06-28 close to the 2024-07-31 close.

July 2024 index and sector returns
2024-06-28 to 2024-07-31 — the return of every index and sector

INDEX LEVEL

An account of 22 sessions, best to worst:
• Midcap 100 — +5.84%, close 58990.90
• Nifty 500 — +4.30%, close 23530.80
• Nifty 50 — +3.92%, close 24951.15
• Sensex — +3.43%, close 81741.34
• Bank Nifty — -1.51%, close 51553.40

Of the Nifty's 22 sessions, 13 were up and 9 down. The best day was 2024-07-26 (+1.76%), the worst 2024-07-19 (-1.09%).

SECTOR LEVEL

There were 15.3 percentage points between the best and the worst sector:
• IT — +12.98%
• Pharma — +10.37%
• FMCG — +9.38%
• Media — +7.90%
• PSU Bank — +0.42%
• Realty — -1.00%
• Bank — -1.51%
• Metal — -2.35%

VOLATILITY AND DRAWDOWN

India VIX ranged between 11.76 and 15.44 during the month and closed at 13.25. The deepest peak-to-trough fall in the Nifty inside the month was -1.6% — so despite the month's net number of +3.92%, a decline of that depth was seen along the way.

All figures in this article were computed from The Retail Trader daily index database through 24 July 2026. Past performance does not indicate future performance. This analysis is educational only and is not a recommendation to buy or sell.

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